[GNC] How to record payments for several items paid with a single transaction?

Stan Brown the_stan_brown at fastmail.fm
Sun Jul 23 09:52:01 EDT 2023


On 2023-07-23 02:03, Chris Green wrote:
> If I add an Assets:Current Assets:Cash to record the various amounts
> from collections, offertory box, etc. before they are deposited how do
> they then get recorded as Income when the cash is moved from Assets:
> Current Assets:Cash to Assets:Current Assets:Bank ?

They don't, because they're not income when you deposit them. they are
income when you _receive_ them.

Upon receiving the money:
Debit to Cash
Credit to the appropriate Income account

Upon depositing the held checks and cash:
Debit to Banks
Credit to Cash

It really seems to me that you are making this much, much harder than it
needs to be. But I don't know the magic words that will make the actual
simplicity shine through.

Stan Brown
Tehachapi, CA, USA
https://BrownMath.com


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